Wednesday, September 9, 2009

In this tranche of Mr X's portfolio we will dwell upon some scrips belonging to Auto Sector and Steel Sector. Stay tuned!MARUTIHolding 80 shares @ 750, CMP - 1518

1 yr tgt- 2600

Maruti has had a fabulous run up and is probably a spent force. You are sitting on more than 100% profit and there is no reason to hold on to such a position. With market correction Maruti can so easily come down between 800 to 875. Booking profit and re-entering after correction would be a prudent thing to do.

ASHOK LEYLAND

Holding 200 shares @ 36, CMP - 41.25

6 mnth tgt- 55; 1 yr tgt- 70

Immediately Ashok Leyland can touch 44. That should be the point to book profit but then you should re-enter at 36 during its correction. From there on you should hold the scrip for one year's target.

TATA MOTORS

Holding 50 shares @ 780, CMP - 565.8

6 mnth's tgt- 700, 1 yr's tgt- 830

Tata motors should correct from here to about 400. You should pick up 50 additional shares at 400 level. Keep one year's target to exit the scrip